Recent content by cmmichaels

You're right yes sorry your stop is still 5 points from your entry therefore the risk is still 5 once you've entered the trade.

I assume its because he uses a 5 point stop so 5 point spread + 5 point stop = 10

Good advice thanks, it was quite a while ago sometimes you have to learn these things the hard way

biggest DD was about 70%, I did a few things right thought I had it all figured out...... I hadn't!

I don't do anywhere near this but you can definitely put through multiples of 100 lots ($1000) per pip and you can put a lot of them through I've seen up to maybe 700 lot position.

Great thread please keep it up always amazing to read about a highly skilled pro in this business

Malcolm Gladwell is the man if you haven't read Outliers then definitely would recommend it for me it is one of the best books I've ever read. Good call though DT, I haven't actually read the tipping point but that is next but markets in profile was one of the best trading books I've ever read...

I don't have any mechanical systems to curve fit mate, I wish I did! I just discretionary trade the usual stuff levels and pullbacks etc

good comments but I certainly do not fall into that bracket I trade small but I try to maintain as best I can the mentality that I'm trading as if I'm trading any size. I try and trade the best I can regardless of the size I do not let that effect any of my decisions. I'm trying to make the...

You are right definitely in my opinion stats. do not get talked about enough and i think it can make or break your trading. I have put together an excel spreadsheet detailing what I think is important to me and I keep it up to date but it still needs some more work. Thanks for your comments

Great stuff mate thanks for taking the time. This is what I try and do but what you talked about above I suppose is sometimes what I have the most trouble with and this is maybe where the problems above come into play. defining a proper trend and when it is going to continue is tricky I think...

Thanks for your reply with regards to the liquidity hours obviously this is the DJIA so it is going to get fairly liquid going into the close and that was a 140 point move that started 3 minutes after I closed my trade so there was a fair bit of action to be had. The reason I trade these times...

I'm having a bit of trouble with trying to distinguish at the end of each day what aspects of the market action to take away and learn from and what to discard. By this I mean sometimes something happens and your trade then doesn't work out and it is tricky to decide whether to say, I'm going...

I think you might like this mate it is very good I also asked him on twitter to do a reading list and he has put one together on the blog Behavioral Macro

I can't offer any advice but I hope you all the best and I'm sure you will get through it all I can say which wont really help but I've followed other threads where this has happened and they all got through it. Also thanks for starting this thread and everyone sharing shame about the current...